SENATE BILL 226
56th legislature - STATE OF NEW MEXICO - second session, 2024
William P. Soules
MAKING AN APPROPRIATION TO THE DEPARTMENT OF TRANSPORTATION TO CONSTRUCT A HIGH-SPEED PASSENGER RAILROAD FROM NEW MEXICO'S SOUTHERN BORDER TO NEW MEXICO'S NORTHERN BORDER.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--One billion dollars ($1,000,000,000) is appropriated from the general fund to the department of transportation for expenditure in fiscal years 2025 through 2029 to construct a high-speed passenger railroad from New Mexico's southern border to New Mexico's northern border. Any unexpended or unencumbered balance remaining at the end of fiscal year 2029 shall revert to the general fund.